Raising Capital for a start-up
So I am working for a start-up that has raised a bit of capital. The company is in a bit of an awkward spot, because they have raised some angel investor money and the founder has put in money, but a lot of VCs aren't ready for the company. Many VCs want to see certain revenue targets that the start-up company doesn't have. the company is past the seed stage, but not ready for Series A yet.
What other avenues would be good to try and raise captial for the company? The company has tried pitching to a few local angel groups (they got a deal but unfavorable terms) and have raised some funds through contacts.
Does anyone have any other recommendations for raising capital? I know there are certain sites, but a lot of them seem to want fees and from asking some of the people on the sites, they gave it poor reviews. What other areas should I approach to help raise capital for a start-up in this situation? (The company is based in Canada btw)
Has the company tried raising venture debt from a company such as SVB?
Thanks I will look into that
So I spoke with SVB, they say they have lend for companies doing a series A as a bit of a top up. So not a fit for us at the moment.
Might want to give this a read: https://medium.com/@TXZhuo/2016-is-the-year-of-the-bridge-round-9614a0c…
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